Who here is interested in cryptocurrency stuff, like Bitcoin, Ethereum, Monero, etc.? I've found it quite fascinating. It has some interesting features which I think are useful and could change the global economy, but it also has a lot of work ahead.
The most common thought I hear is it's volatility, which makes it hard to transact. There are companies like BitPay and Coinbase Commerce which can handle the volatility for you - meaning that if you want to sell a cube for $10, and accept crypto, the customer will pay via crypto, then BitPay will either settle the payment into USD amounting in $10 (minus a small fee), or you can choose to keep it in crypto. This enables people to transact without the need of big intuitions like Visa, Mastercard, Paypal, etc. which take quite high fees (typically around 3%). It also allows people to use it as a means to transact without worrying about volatility.
This channel has a lot of good videos:
https://www.youtube.com/user/aantonop
What are general thoughts on it? What do you find more interesting or concerning about the whole industry?
The most common thought I hear is it's volatility, which makes it hard to transact. There are companies like BitPay and Coinbase Commerce which can handle the volatility for you - meaning that if you want to sell a cube for $10, and accept crypto, the customer will pay via crypto, then BitPay will either settle the payment into USD amounting in $10 (minus a small fee), or you can choose to keep it in crypto. This enables people to transact without the need of big intuitions like Visa, Mastercard, Paypal, etc. which take quite high fees (typically around 3%). It also allows people to use it as a means to transact without worrying about volatility.
This channel has a lot of good videos:
https://www.youtube.com/user/aantonop
What are general thoughts on it? What do you find more interesting or concerning about the whole industry?